Oaktree Capital Group, LLC (NYSE:OAK) (Oaktree Capital Management LLC) plans to acquire Blue Sky Alternative Investments Limited (ASX:BLA). Street Talk understands Oaktree's dealmakers are working on a debt instrument which would be pitched as a way for Blue Sky to prove to its own investors and the wider market that it does not have a liquidity problem. Oaktree's mooted proposal would see the Oaktree offer balance sheet support to both Blue Sky and its underlying investments.